05NOV2019 - NEWS - Danaos reports lower profit but is upbeat about 2020

John Coustas, CEO of containership charterer Danaos, says the company expects container trade demand growth will outpace supply growth for the first time in almost 10 years.

Danaos Corp. said operating revenues and net income in the third quarter ending Sept. 30 were lower than in the same period last year, but that the market for chartering containerships “has strengthened considerably” the past six months.